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- USD/JPY is still focused on 110.00 and above – UOB
USD/JPY is still focused on 110.00 and above – UOB
FXStreet reports that in the opinion of FX Strategists at UOB Group, USD/JPY is likely to trade within a side-lined theme in the next weeks, although an attempt to 110.00 and beyond still remains on the cards.
24-hour view: “USD did not ‘do much’ last Friday as it traded between 109.68 and 109.90, markedly narrower than our expected sideway-trading range of 109.50/110.00. Indicators are mostly flat and we continue to expect USD to trade sideways, likely between 109.60 and 110.00.”
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